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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (14799)	1/25/1998 12:05:00 AM
From: WeisbrichA	Read Replies (1) \| Respond to of 97611

For whom? Compaq or Joe Investor. I do notice that your positions always seem to cover the low end with a long put. Looks like you use a 5-15 pt spread for max exposure on downside. Compaq would not really care if stock kept on tanking, expecially if Stock buy-buy in progress. Compaq has buy-back on hold because of the TDM purchase. rules, rules rules. I beleive buy-back will be allowed to resume again in June? RW

To: hpeace who wrote (14799)	1/25/1998 6:44:00 AM
From: Mike Gordon	Read Replies (1) \| Respond to of 97611

<if you are going to buy the stk. selling a naked put is the safest transaction in the book.> Steve & thread: I have employed this strategy and a covered call program for 4 years. This is the only way I take a position. As Steve said, for conservative investors, you need to read McMillans book and implement strategies. Concentrate on the simple methods and gradually work yourself into the more complex strategies later. (I prefer keeping it simple). Pretending on paper is NOT the same. Score yourself by looking at your rate of return. However, using annualized estimates can be very misleading. Don't be greedy, Mike Gordon